Boutiques face licence law challenge

Smaller lenders may find it harder to use the broker channel this year, due to the "significant risks" that exist for ACL holders in allowing their credit representatives to recommend off panel lenders

Very Interesting article, I can eventually see a lot of brokers who are credit reps think seriously about applying for FULL licence . This article supports one of the reasons I felt i needed a full licence . It was not that difficult. A lot of aggregators now have more control than they should. Time will tell if brokers will go over to full licences, I can see that many will be tempted particulary those who do some commercial as well.